HC Technologies was among the investors in consumer lender Cumulus Funding's $6m series A round, secured alongside a $25m debt facility.
US-based consumer finance provider Cumulus Funding raised $6m in series A funding on Friday from investors including financial trading technology producer HC Technologies, alongside $25m of debt financing.
Continental Investors led the round, which included D-W Investments, Bridge Investments, Service Provider Capital and Cumulus’s existing investors. The company had raised $850,000 from backers including Topping Capital in 2012.
Cumulus lends money to consumers through income share agreements (ISAs) that involve the borrowers repaying the cash through a percentage of their…
